Powers of Attorney for Property
What is a power of attorney for property? A power of attorney (POA) for property is a legal document in which you authorize another person (or persons) to act on your behalf regarding your assets and legal matters. This person is called your attorney-in-fact or your agent, and the powers granted him or her depend […]
6 Ways a Lawyer Can Help with Finance
Working with your attorney to create a Durable Financial Power of Attorney (POA) ensures that, in the event you become incapacitated due to illness or injury, your financial affairs continue to be handled properly. With this document, you assign an individual whom you trust to act as your financial agent. These decisions may include […]
Springing Powers (Not Spring Flowers)
Powers of Attorney (POA) are state specific documents. That means each state has its own rules on what each document must say and how it must be executed. Because of this, a POA from Arizona may not work in Ohio and vice versa. In Arizona, there are three separate POAs: Financial, Healthcare, and Mental Healthcare. […]
Estate Planning For People Under 40
You can’t start estate planning too early. The earlier you begin, the better you will be prepared for life’s ups and downs. And if you have a family, you really better get started. Here are some estate planning tips for those under age 40, as outlined in a story on usnews.com.
To Tell or Not to Tell: Shedding Some Light on Your Estate Plan
I recently had a client (I’ll call James) share his story with me. James and his family watched his father become very ill. At a certain point, the doctors told his family they had to make a decision about whether to leave dad on life support or choose to end life-sustaining measures. James and his […]
Planning for Longer Lives
As medical science continues to improve, Americans are living longer lives than ever before. Unfortunately, however, cognitive decline often goes hand in hand with longer life spans. Therefore, as a recent article explains, families should have a plan to deal with the cognitive decline of loved ones, and the financial difficulties that such decline may […]
Simple Estate Planning for Young People
It is never too early to prepare an estate plan. Although planning for death is often the last thing on the minds of young people, the fact is that everybody has an estate, and no one can see the future. As a recent article notes, creating an estate plan is important for everyone, including young […]
Three of the Most Important Documents You Will Ever Sign
As medical science continues to improve, Americans are increasingly living longer than ever before. The downside to longer life spans, however, is that many more Americans will face living out their final years with diminished mental capacity. According to a recent article in Forbes, “One in eight baby boomers will get Alzheimer’s after they turn […]